Kiran Kumar Reddy moves to SC against Andhra bifurcation
·Former Andhra Pradesh Chief Minister Kiran Kumar Reddy has filed a petition in the Supreme Court against the decision of the Central Government to carve out a separate state of Telangana from Andhra Pradesh.
·Reddy had resigned as Andhra Pradesh Chief Minister and had also quit the Congress Party.
·He had also criticised the Congress and said the new state of Telangana was being created simply for votebank politics.
·The Andhra Pradesh Reorganisation Bill or the Telangana Bill was passed by both the LokSabha and the RajyaSabha amidst protests from MP's belonging to Seemandhara region.
It’s raining scams! After Securities scam in ’92 (More commonly known as Harshad Mehta scam) and KP scam in ’01, following the cycle of 10 years, this time, an entire exchange was fabricated on treachery of its promoters. The scam is a systematic fraud perpetrated in the commodity market by National Spot Exchange Ltd. The supposedly 5,600 CroreRs fraud came out in the public domain after NSEL failed to pay out its investors in commodity pair contracts after 31 July 2013. Let’s have a summarised look at the seedy insides of the exchange which was once a darling of the markets and the ministry too.